Will UK's financial services industry go through more job cuts?

Financial services firms are expecting a rapid increase in job losses over the coming months as investment plans and optimism levels sink to fresh lows. The sector’s activity fell at the fastest rate since December 2023 in the three months to June, according to the Confederation of British Industry (CBI). This marked the first time activity in the sector had decreased in more than a year. A sharp drop in output at banks led to the downturns as businesses anticipated slower activity for the coming months. Click the link in our bio to read more about the story 🔗 #uk #news #economy #economics #business #finance #financialservices #banking #investing #jobs #work #jobcuts #layoffs #worktrends